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The Inter-Club Agreement: amendments relating to security come into force on 1 September 2011

Reed Smith LLP
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Global
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August 26 2011

The Inter-Club Agreement, which was last amended in 1996 (the "1996 Agreement"), has been further amended to incorporate a new provision dealing with the entitlement to security for cargo claims

High Court considers the contractual duty of good faith

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant and Defendant had entered in to a loan agreement which provided that “each party shall act in absolute faith towards the other”

Commercial Court confirms that factual issues can be determined in the context of an application under Section 66 of the Arbitration Act 1996

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant and Defendant had entered in to a loan agreement which provided that “each party shall act in absolute faith towards the other”

Court of Appeal considers the relevance of set-off of a foreign judgment against an English costs order in an application for security for costs

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant had sued the Defendant in the United States, and had obtained a default judgment which it sought to enforce in England

Commercial Court holds that only forward freight agreements with time still to run as at automatic early termination are to be taken in to account in calculation of the payment due upon early termination

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant and Defendant had entered in to 11 forward freight agreements (the “FFAs”

Court of Appeal considers whether it is appropriate to stay proceedings concerning the interpretation of an agreement pending expert determination under that agreement

Reed Smith LLP
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United Kingdom
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August 17 2011

The Appellant and Respondent had entered into a partnership agreement which contained an expert determination clause

Court of Appeal allows an application for security for costs on the basis that a party had taken steps in relation to his assets which would make it difficut to enforce a costs order against him

Reed Smith LLP
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United Kingdom
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August 17 2011

The Applicant bank had applied for security for costs under CPR 25.15(1) in respect of an appeal lodged by the Respondent

In certain situations the costs consequences of a settlement offer may continue, even if that offer is withdrawn

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant’s and Defendant’s vessels were involved in a collision

High Court rules that a side letter was not enforceable as a legally binding contract, rather it was an agreement to agree

Reed Smith LLP
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United Kingdom
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August 17 2011

The Claimant had been a shareholder of a cable television and internet company (the “Company”), which was acquired by the First Defendant

Court of Appeal allows a party to rely on an argument on appeal which was pleaded, but not relied on, at first instance

Reed Smith LLP
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United Kingdom
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August 17 2011

The Appellant and Respondent had entered in to a contract for the sale of goods

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The Inter-Club Agreement: amendments relating to security come into force on 1 September 2011

High Court considers the contractual duty of good faith

Commercial Court confirms that factual issues can be determined in the context of an application under Section 66 of the Arbitration Act 1996

Court of Appeal considers the relevance of set-off of a foreign judgment against an English costs order in an application for security for costs

Commercial Court holds that only forward freight agreements with time still to run as at automatic early termination are to be taken in to account in calculation of the payment due upon early termination

Court of Appeal considers whether it is appropriate to stay proceedings concerning the interpretation of an agreement pending expert determination under that agreement

Court of Appeal allows an application for security for costs on the basis that a party had taken steps in relation to his assets which would make it difficut to enforce a costs order against him

In certain situations the costs consequences of a settlement offer may continue, even if that offer is withdrawn

High Court rules that a side letter was not enforceable as a legally binding contract, rather it was an agreement to agree

Court of Appeal allows a party to rely on an argument on appeal which was pleaded, but not relied on, at first instance

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